1202/259-263 Normanby Road, South Melbourne, VIC 3205 sold on 07 March 2025 | OnTheHouse
SOLD
Sold on 07 Mar 2025 for $806,000

1202/259-263 Normanby Road
South Melbourne VIC 3205

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Floor area: 75m2
Land area: 7654m2
Save

Property Details for 1202/259-263 Normanby Rd, South Melbourne

1202/259-263 Normanby Rd, South Melbourne is a 2 bedroom, 2 bathroom Unit and was built in 2022. The property has a land size of 7654m2 and floor size of 75m2. While the property is not currently for sale or for rent, it was last sold in March 2025. There are other 2 bedroom Unit sold in South Melbourne in the last 12 months.

Building Type
Unit
Year Built
2022
Floor Size
75m2
Land Size
7654m2
Local Government
Port Phillip
Lot/Plan
1202/PS812023

Last Listing description (January 2025)

Brand new apartment in this iconic new building, featuring all modern fixtures and fittings and superb amenities throughout the complex. The building has secure entry, a large supermarket underneeath, a rooftop swimming pool with entertainment area, a gym, a function room, rooftop outdoor areas, concierge service and much more. R.Iconic is positioned in a well-established extension to the south of the CBD with a wealth of nearby amenities. Retail and dining, fresh food markets, commercial precincts, entertainment and recreation facilities - all add to this thriving location within the Capital City Zone.R.Iconic sits adjacent to the affluent Albert Park and Middle Park suburbs. The Bay Street, Coventry Street and South Melbourne retail strips are within a short walk, as are Crown Casino and the renowned arts and theatre precinct.A deliberately considered neighbourhood, CBD South is the newest extension to Melbourne's thriving heart.Perfectly positioned within this, R.Iconic Melbourne connects multiple levels of vibrant community. The community of the established surrounds into which the building seamlessly integrates, the community amongst many shared resident spaces and the communities within each floor.These positive levels of community are encouraged by the way we designed the building, with places where neighbours can choose to get to know each other.R.Iconic Melbourne's carefully selected location is at the heart of CBD South's planned and current growth. Bringing community, education, commerce, and retail together, a number of significant projects and developments are taking shape to deliver a vibrant, sought-after neighbourhood.In addition, proposed extensions to the existing Light Rail on R.Iconic Melbourne's doorstep, along with new local stations on the expanded Metro Network, bring further connectivity to this bourgeoning hub.

Property History for 1202/259-263 Normanby Rd, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$806,000
07 Mar 2025
  • 07 Mar 2025
    Sold for $806,000
  • 22 May 2024
    Listed for Sale $806,000
Commute Calculator

About South Melbourne 3205

The size of South Melbourne is approximately 2.2 square kilometres. It has 15 parks covering nearly 3.3% of total area. The population of South Melbourne in 2016 was 10920 people. By 2021 the population was 11548 showing a population growth of 5.8% in the area during that time. The predominant age group in South Melbourne is 30-39 years. Households in South Melbourne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in South Melbourne work in a professional occupation.In 2021, 42.40% of the homes in South Melbourne were owner-occupied compared with 40.20% in 2016.

South Melbourne has 12,877 properties. Over the last 5 years, Houses in South Melbourne have seen a 10.82% increase in median value, while Units have seen a 6.26% increase. As at 30 November 2025:

  • The median value for Houses in South Melbourne is $1,744,641 while the median value for Units is $633,273.
  • Houses have a median rent of $725 while Units have a median rent of $650.
There are currently 36 properties listed for sale, and 40 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 494 properties were sold in the past 12 months in South melbourne.

Suburb Insights for South Melbourne 3205

Market Insights
South Melbourne Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
South Melbourne Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.